Basellandschaftliche Pensionskasse

Basellandschaftliche Pensionskasse

Basellandschaftliche Pensionskasse was established in 1921 as a public-law entity of the Canton of Basel-Land. It serves employees of the canton, affiliated municipalities and private companies in the Basel region. Stephan Wetterwald serves as CEO and also sits on the board of its real estate subsidiary. The fund allocates across public equities, bonds, private equity, real estate and insurance-linked securities. Direct real estate represents approximately 11.4 percent of assets and includes the City Gate Senevita retirement complex in Basel, the Baslerstrasse Allschwil mixed-use development and the Silo Bleu student housing project in Renens. Private equity exposure runs through commitments to Partners Group vehicles and Credit Suisse Anlagestiftung funds. Geographic focus remains Switzerland for real estate and extends to Europe and global markets for infrastructure and private equity. Insurance-linked securities are accessed through managers including Aeolus, Pillar Capital and Elementum. The firm employs 30 professionals at its Liestal headquarters. It owns Adimmo AG, which manages more than 14,000 properties and generates roughly 130 million CHF in annual rental income. Additional holdings include stakes in EBL Fernwärme AG and EBL Wind Invest AG. In February 2024 the fund spoke at the Sustainable Investor Summit in Zurich on ESG integration. It maintains memberships in ASIP, SVVK-ASIR and Swiss Sustainable Finance. Ownership by the Canton of Basel-Land creates a distinct governance structure. Investment decisions follow a normative exclusion policy and integrate ESG factors into manager selection. The fund operates without external LP commitments and executes direct real estate acquisitions and developments through its captive manager rather than third-party vehicles.